Thoughts on this?
Good, normalising as they should. 👍 Bangalore needs to build world-class infrastructure first to demand that level of rent.
Stabilising for sure. Days of over-inflated rents like over-inflated salaries are over lol.
The flat I'd vacated after the ludicrous price increase (30 → 55) went for 40 many months later. LOL
Very happy to see this.
It just goes on to show how demand side inflationary illiquid assets tend to be.
When the bubble drops is cutely when the penny drops for most people.
This is genuinely very cool to see. After all, rents need to be sustainable for a young demographic to move in.
Nope. This is small set of audience or area. This won’t give full picture. Real estate won’t work week on week or month over month metrics. Rents are usually 11 months commitments and you won’t see trend until after a year
Remember the good old days when the landlord used to ask for LinkedIn profile, employment history, start-ups built, 5 interview rounds for a flat? A lot of this tech-bro mindset needs to be left at the office doors.
Good that Bangalore rents are going down.😌
Indiranagar 15th main - 60k (all incl) for a fully furnished 2 bhk apartment. Is this normal rent or am I overpaying? 🤔
Recently our Owner asked us to vacate after 3 years of staying here in Koramangala, a 4 BHk home. Mostly be renegotiating with him.
Meanwhile in our search for possible other options, we have found that most of the residential properti...
Understanding what is the going rent for a 2BHK in Bangalore close to ORR.
Used to work from home happily. But office folks decided to make it hybrid last year and I moved to Bangalore with my wife. Rented a 2BHK flat near Marathahalli...
We've witnessed so many layoffs in the past year and this continues to be an upward trend. Bangalore is a city of IT professionals and these layoffs seem to have no effect on the real estate. Is this because the numbers are negligent? ...
There is a lag effect, give it a few months and you will see rents and prices not increasing anymore
Because every downturn has an epicenter. Usually it's Real Estate because excesses easily pop up there. But this...
Dont forget that old money bangalore ( that includes the reddy bros + mallu bros + gowdas/plantations bros) are keenl...
I'm not able to wrap my head around the pace at which rents increase in Bangalore.
We moved here about a year ago and rented a 2 BHK semi-furnished apartment with basic amenities for 28k plus maintenance charges. The rent agreement sai...
